Darkening economic clouds to greet election victor

Friday, October 18, 2019

In arguably the most abrasive electoral campaign the country has witnessed with the highest stakes set, Mmegi Staff Writers, MBONGENI MGUNI and PAULINE DIKUELO argue that whoever emerges victorious in the elections will have little time to celebrate. The economy is on shaky ground

Former president, Ian Khama knows the feeling all too well. When he won his first term in October 2009, he was welcomed by the country’s worst economic crisis, in which the global financial crisis collapsed the diamond sector.

The economy shrank by 7.7 percent, shed thousands of jobs and forced the country to borrow US$1.5 billion from the African Development Bank.

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